Construction output in South Korea slumped 8.1 percent from a year earlier in July of 2021, following an upwardly revised 5.6 percent decline in the previous month. It was the tenth consecutive month of falling construction activity, as both civil engineering (-21.4 percent vs -7.4 percent) and building activity (-3 percent vs -4.8 percent) contracted. On a monthly basis, construction output decreased 1.9 percent, following a downwardly revised 0.7 percent drop in June. source: Statistics Korea

Construction Output in South Korea averaged 1.39 percent from 1998 until 2021, reaching an all time high of 26.40 percent in November of 2016 and a record low of -30.50 percent in August of 1998. This page provides - South Korea Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Construction Output in South Korea is expected to be 5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Construction Output is projected to trend around 3.20 percent in 2022, according to our econometric models.

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South Korea Construction Output

Actual Previous Highest Lowest Dates Unit Frequency
-8.10 -5.60 26.40 -30.50 1998 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-30 11:00 PM Apr -1.8% -5.7% 2%
2021-06-29 11:00 PM May -7.6% -3.2% -0.7%
2021-07-29 11:00 PM Jun -3.1% -6.9% -4.5%
2021-08-30 11:00 PM Jul -8.1% -5.6% -3.3%
2021-09-29 11:00 PM Aug -8.1%
2021-10-28 11:00 PM Sep
2021-11-29 11:00 PM Oct
2021-12-29 11:00 PM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
South Korea Construction Output Shrinks for 10th Month
Construction output in South Korea slumped 8.1 percent from a year earlier in July of 2021, following an upwardly revised 5.6 percent decline in the previous month. It was the tenth consecutive month of falling construction activity, as both civil engineering (-21.4 percent vs -7.4 percent) and building activity (-3 percent vs -4.8 percent) contracted. On a monthly basis, construction output decreased 1.9 percent, following a downwardly revised 0.7 percent drop in June.
2021-08-30
South Korea Construction Output Falls at Softer Pace
Construction output in South Korea decreased 3.1 percent from a year earlier in June of 2021 following a revised 6.9 percent gain in the previous month, as both building construction (-4.1 percent vs -3.1 percent in September) and civil engineering (-0.7 percent vs -17 percent) contracted. On a monthly basis, construction output surged 2.0 percent, following a 3.0 percent drop in September.
2021-07-29
South Korea Construction Output Falls Further
Construction output in South Korea dropped by 7.6 percent year-on-year in May of 2021 following a revised 3.2 percent fall in the previous month. This was the eighth straight month of decline in construction activity, as both building activity (-3.0 percent compared to 0.9 percent in April) and civil engineering works (-19.8 percent compared to -13.8 percent) declined.
2021-06-29
South Korea Construction Output Falls the Least in 5 Months
Construction output in South Korea dropped by 1.8 percent in April 2021, after a 5.7 percent decline in the previous month. This was the seventh straight month of fall in construction activity but the weakest pace since November last year. Civil engineering work fell further (-13.7 percent vs -8.1 percent in March) on the back of a rebound in building activity (2.8 percent vs - 4.7 percent). On a monthly basis, construction output declined by 0.8 percent in April, swinging from a 0.3 percent gain in March.
2021-05-31

South Korea Construction Output
In South Korea, construction output refers to year over year change in the value of construction completed including building construction and civil engineering.